TOPEKA, Kan. (WIBW) - A group of state senators is pushing property tax relief for seniors, and veterans with disabilities.
Sen. Tom Holland, D-Baldwin City, introduced the Golden Years Homestead Property Tax Freeze Program. It freezes property tax rates on some residential homesteads.
To qualify, people must be aged 65 or older, or be a veteran with at least 50 percent permanent disability. Homesteads must be appraised at $350,000 or less, with no mortgage or other security liens, and annual household income must be less than $50,000.
"The purpose of this bill is very simple: To provide some much-needed financial certainty and peace of mind to those elderly and disabled veteran homeowners living on fixed or limited incomes,” Holland said.
Those who qualify would receive a check from the Kansas Dept. of Revenue for the difference between the property tax rate at the time they qualified, and the rate at the time they file their income tax return.
Holland estimates the bill could help 42,000 people in its first year. It would cost the state an estimated $10 million.
Sens. Molly Baumgardner, R-Louisburg; Oletha Faust-Goudeau, D-Wichita; and Julia Lynn, R-Olathe joined Holland in sponsoring the bill.